Tag: London/Paris Loan
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London/Paris Club refund: EFCC to probe governors for allegedly diverting consultants’ fees
The Economic and Financial Crimes Commission (EFCC) is considering the probe of some state governors for allegedly diverting fees meant for payment to consultants who assisted states on the London-Paris Club loan refund. Some states may not be able to access the last tranche of refund of about $2,689,279,365 unless they allow the federal government…
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NGF’s Paris/London Club loan: Court orders interim forfeiture of N1.4b to FG
The Federal High Court sitting in Lagos on Friday ordered the temporary forfeiture of N1.4bilion, being part of Paris/London Club loan, to the Federal Government. The Economic and Financial Crimes Commission (EFCC) said N1, 442,384,857.84 was fraudulently obtained from the states through the Nigerian Governors Forum (NGF). Justice Mojisola Olatoregun made the order based on…